In the latest trading session, Shopify (SHOP) closed at $52.93, marking a -1.31% move from the previous day.
Breaking down Shopify (SHOP) and Block (SQ) ahead of their earnings results over the next several weeks to see if investors might want to finally buy back into these beaten-down stocks for long-term upside.
Although the markets soured on most growth stocks amid rising inflation, interest rates, and fears of an economic slowdown, it could only be a matter of time before fundamentally strong stocks rebound as investors size up their potential and realize they deserve a better valuation. Shopify (NYSE: SHOP), Salesforce (NYSE: CRM), and Nio (NYSE: NIO) are three such stocks that were battered but look like screaming buys right now for 2023. 2022 was a brutal year for Shopify.